Where businesses set main as much profit as possible as one of their objectives.
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Survival
A short-term objective that is set by a business that is just startin out, entering a new market or going through a financial hardship.
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Breakeven
The amount of sales/profit that are needed to be made to cover the costs of materials and services that were used to produce the company's products.
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Growth
Where businesses focus on gowing as a business and making a large amount of sales. Businesses do this to become a large business and bring in a large amount of consumers.
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Meeting Government Standards
Where businesses have to reach a certain level of standadrds set by the government when purchasing and selling their products.
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Value For Money
A set of legislations that businesses have to follow when considering the quality of their products and how well they sell to the customers.
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Cost Limitation
Prodcuing a product at a low cost so that it is available to everyone and people can afford to get the product whether it is very cheap or free.
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Service Provision
Where businesses peform a task for consumers that requies their assitant in exchange for a reasonable price. These businesses will tend to have qualified staff on hand all of the time. For example, the NHS
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Growth of Range of Provision
Where businesses expand the number of services they provide to enable them to attract more customers.
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Other cards in this set
Card 2
Front
Survival
Back
A short-term objective that is set by a business that is just startin out, entering a new market or going through a financial hardship.
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